Saturday, 28 November 2015
Last updated 18 hours ago
Feb 12 2014 | 12:18pm ET
Credit Suisse's Brazilian hedge fund posted only a slight decline in the face of economic turmoil in emerging markets—including Brazil.
Credit Suisse Hedging-Griffo's Fundo Verde dropped 0.06% last month. The fund's stock holdings suffered the loss, which was offset by its fixed-income and currency investments.
"There was in fact excess optimism in prices, which was corrected throughout January and the start of February," Hedging-Griffo told investors this week. And the firm sought to shift blame for the troubles from the U.S. and China.
Hedging-Griffo wrote that uncertainty in those markets is "particularly toxic" for emerging markets, but that troubles in the latter "won't end because of a decision by the Federal Reserve of the Chinese Communist Party."
"Prices have already started to adjust and, in some cases, policies too. But this movie is far from over."
Fundo Verde manages more than 20 billion Brazilian reais (US$8.3 billion) in assets.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…